Nevada Market Update
Nevada is one of the five states (including Alabama, Alaska, Hawaii and Utah) which does not allow the lottery and this has been outlawed since 1864. Nevadans flock to California and Arizona whenever state lotteries build large jackpots and despite calls for a lottery, and numerous attempts to create one, the situation remains unchanged.
RULES AND REGULATIONS
Gambling in Nevada is governed by the Gaming Control Act and its amendments. Tere are 30 regulatory chapters each covering an aspect of gambling from licensing to operation of estab- lishments. Authorised gambling is permitted via commercial
casinos, tribal casinos, electronic gaming devices, retail and online sports betting, and igaming (poker). Nevada is one of the five states (including Ala-
bama, Alaska, Hawaii and Utah) which does not allow the lottery and this has been outlawed since 1864. Nevadans flock to California and Ari- zona whenever state lotteries build large jackpots and despite calls for a lottery, and numerous at- tempts to create one, the situation remains un- changed. Te problem is the gaming industry believes
for every dollar spent on a lottery ticket it is one dollar less spent on the casino floor. Tere have been numerous attempts to introduce lotteries, whilst two efforts in 2011 and 2015 never made it out of committee. Te latest push to change the state constitution
with a proposal (AJR5) saw a 12-8 vote in favour in Senate in May 2023. However, it still needs to be passed by a second legislative session scheduled this year and then approved by votes in the general election ballot in 2026. If it gets through a lottery could be operational by 2029. Assemblyman C H Miller is pushing the passage of this bill proposing lottery revenue would be
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directed towards youth mental health programmes. It is said two of California’s lottery ticket retailers are operated by Nevada gaming companies whilst their primary customers are Nevada residents who hop over the border to buy tickets. Te gambling regulatory oversight is conducted
by the Nevada Gaming Commission and Nevada Gaming Board whilst tribal gaming has compacts with four tribes – Fort Mojave Indian Tribe, Moapa Band of Paiute, Las Vegas Paiute and Pyramid Lake Pauite Indian Tribe. Most forms of gaming in the state are within
casinos with non-restricted licences. Tere is no cap on the number of venues, machines or games which can be operated. Tere are two types of gaming licences – ‘non-
restricted’ which is issued for the operation of games and/or tables only or for the operation of 16 or more slot machines or slots operated alongside other gaming devices, racebook or sports pool or slot machine route (operator of slots at three or more locations), inter-casino linked system or with the operation of a mobile gaming system. Meanwhile ‘restricted’ licences are for the op-
eration of up to 15 slots only and the venue must have a dining area for a minimum of 25 people and at least 2,500sq.ft.
Non-restricted gaming licences: u
Gaming devices (slots) must pay an annual tax of $250 per machine computed on a prorated basis, plus a quarterly licence fee of $20 per machine.
u Table games pay an annual licence fee of $100
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